Statistics Canada reported on Wednesday that the value of building permits in the Calgary census metropolitan area edged up 0.1 per cent in 2017 to $5.4 billion.

“The institutional component registered the largest increase, posting a value of $1.1 billion, more than double the previous year’s value,” StatsCan said.

“The single-family component followed, up 23.1 per cent to $1.9 billion. The value of permits for multi-family dwellings posted the largest decline, falling 39.5 per cent from 2016,” said the federal agency.

In December, the Calgary region registered $449.9 million in building permits, a decline of 11 per cent from November but still up 73.3 per cent year-over-year.